Business

Brazil vetoes solar equipment import tax exemption bill

The Brazilian Senate has chosen to keep the veto on bill 8322/14 that grants a tax exemption for solar equipment imports. The government argued that the exemption could decrease the Federal revenue as it did not present compensation measures which is mandatory under the Fiscal Responsibility Law. The rejected bill originally proposed the tax exemption to apply only to solar module models that Brazilian companies do not manufacture.

Source: Renewables Now